Improving the cost information management system: The case study of defense materials industry in Korea
- Authors
- Moon, J.H.; Kim, Y.J.; Seol, I.S.
- Issue Date
- 2016
- Publisher
- National Academy of Management
- Keywords
- Ceiling price; Cost management; Defense sector; Indirect cost; Private contractors; Target cost
- Citation
- Actual Problems of Economics, v.181, no.7, pp.131 - 141
- Indexed
- SCOPUS
- Journal Title
- Actual Problems of Economics
- Volume
- 181
- Number
- 7
- Start Page
- 131
- End Page
- 141
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/91399
- ISSN
- 1993-6788
- Abstract
- This study shows how to develop and apply an objective cost equation model through accounting engineering approach with the focus on indirect processing costs. The authors provide a cost estimation method that can be used by both government and contractors to predict and calculate reasonable processing costs acceptable by both parties. By applying the suggested approach, both parties can utilize the future estimated cost or target cost as a basic cost for planning, budgeting, bid pricing and contract pricing. © Jae Hun Moon, Young Jun Kim, In Shik Seol, 2016.
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Collections - Graduate School > Graduate School of management of technology > 1. Journal Articles
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